Reddit crypto nft
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- screenrant.com
- Reddit is exploring NFT profile images, yet no decisions have been made
- Reddit Is Building an NFT Platform
- Reddit May Soon Add NFT-Based Profile Pictures
- NFTs Are Sinking Their Non-Fungible Claws in Even Deeper
- Reddit Explores Support for NFT Avatars
- Senior Backend Engineer, NFT Platform
screenrant.com
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Reddit is exploring NFT profile images, yet no decisions have been made
Reddit is looking to launch its own marketplace for non-fungible tokens, according to a job listing posted on Friday. The social-media site is recruiting a senior engineer who will be tasked with designing, building, and shipping "backend services for millions of users to create, buy, sell and use NFT-backed digital goods. Reddit was at the forefront of one of the most popular market events this year: the GameStop trading frenzy. Meme-inspired cryptocurrency dogecoin also saw massive gains driven by discussions on the website, which pitched the token as a fun rival to the dominant crypto, bitcoin. Reddit's job openings include only one NFT-related job ad so far, but the post suggests it's looking to hire more. Applicants are expected to have more than five years of experience in backend development, but the role doesn't require a background in crypto or NFTs.
Reddit Is Building an NFT Platform
Twitter was the first to introduce this feature a few days back, Reddit is now working to bring a similar feature too. Through this feature, Reddit will allow users to display non-fungible tokens as display pictures. This is a limited feature and as Reddit has already begun testing this, it might soon be released for users of Reddit. Reddit users will be able to use this feature without limitations. As mentioned above, the social media platform had released its limited Ethereum based NFT last year. The NFT collectibles were designed on different variations and avatars of Snoo. Designs have varied from a balloon-shaped Snoo to a blocky image of the mascot. At the current moment, Reddit has worked on four such variations and has released its own digital collectibles. Many users even expressed concerns surrounding the price of the NFTs. In case prices are too expensive, this move could have kept many users from being a part of the ecosystem.
Reddit May Soon Add NFT-Based Profile Pictures
In recent months, we have seen a growing number of major crypto exchanges and social networks add NFT marketplaces to their primary websites. Prior to this point, NFT platforms and marketplaces were typically stand-alone, whether curated or open, Ethereum-based or not. Now, with a major wave of NFT marketplaces appearing as add-on features, NFT Land may be set for a power shift as exchanges and social sites join the fray, supported by strong brands and highly engaged user bases. Since then, a broad range of marketplaces have launched across blockchains, many with a niche focus, typically as stand-alone endeavors.
NFTs Are Sinking Their Non-Fungible Claws in Even Deeper
Reddit is evaluating ways to incorporate NFT profile pictures on its site, after Twitter's lead. Reddit is trying out NFT profile pics on its platform, only a week after Twitter released a similar option. In , the renowned social media platform had almost million monthly users, and it is supposedly operating on an NFT profile picture integration that will allow users to set their profile pic to any non-fungible token that has an associated image. Reddit representative Tim Rathschmidt revealed in an interview with Techcrunch on January 27 that:. An app developer previously this week uploaded a Reddit banner advertising the function, implying that the testing is already well underway.
Reddit Explores Support for NFT Avatars
Join , subscribers and get a daily digest of news, geek trivia, and our feature articles. By submitting your email, you agree to the Terms of Use and Privacy Policy. The website is currently testing the feature, so it could only be a matter of time until limited edition NFTs are all over Reddit. It sounds like this is the type of thing that might never make its way to Reddit, as the company is only in the early phases of testing. However, if it does choose to implement it, it gives those rare NFTs another purpose. After all, if you spent large sums of money on an image, you probably want to show it off in as many places as possible.
Senior Backend Engineer, NFT Platform
In anticipation of the official launch of their non-fungible token NFT platform, major crypto exchange Coinbase has shared a preview of the forthcoming product. In a recent series of tweets , Sanchan S. According to Saxena, Coinbase customers will be guided during their NFT purchase through a step-by-step buying process, with "clear information" on what to do available at each step.
Because they live on a blockchain, usually Ethereum, NFTs are easy to track. This tracking allows for verification of their authenticity as well as their past history and owners. Formally, NFTs are smart contracts, usually ERC, that people interact with by calling them and then receiving proof of interaction. It consists of 10, bypixel images of various punky characters.
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